The Good Investor's MentalITy - Do You Have IT? 123
The Good Investor’s Mentality Quiz has come from experiences gained through the last 15 years of investing and primarily reflects conversations and readings from great investors and thinkers. This is a quiz about great investors, not great traders, which are two different animals. The overarching attributes that seem to make a great investor are the ability to let logic dominate emotion, a focus on understanding knowable factors, a self-awareness of what is unknown or unknowable, and a constant mission to refine and improve their process. Take the quiz and remember that great investing is a mindset, no a skill-set. Unfortunately attitudes are harder to change than knowledge, but just like other great investors, you can put systems and discipline in place to help f
- 1.A blackjack player has 19, takes a hit and gets a 2 for 21. Is the decision to take a hit a:
- A.
Good decision
- B.
Bad decision
- 2.You buy a house for $1 million that subsequently declines in value to $500,000. Someone offers you $800,000 for the house. Do you:
- A.
Take the deal
- B.
Pass
- 3.Two stocks trading at $30 have the same potential upside to $50 and downside to $20, but you have greater confidence in the upside being achieved for Stock One. Assuming all else equal you would:
- A.
Have a greater exposure to Stock One
- B.
Have equal exposure to both assets
- 4.You should let winners run:
- A.
True
- B.
False
- 5.The five best ideas in your portfolio from a risk-reward standpoint should be your five largest positions:
- A.
True
- B.
False
- 6.The best measure of risk for an asset is:
- A.
Downside potential
- B.
Volatility
Questions: 9 | Attempts: 2143 | Last updated: Mar 22, 2022
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Sample QuestionA blackjack player has 19, takes a hit and gets a 2 for 21. Was the decision to take a hit a:
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Sample QuestionTo which age group do you belong?
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Sample QuestionWhich of these things do I do first in the morning?
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